AUD Daily Review for June 7, 2018
|The fundamental landscape seems to favor Australian Dollar strength over the New Zealand Dollar. However, a push above key resistance in AUD/NZD is needed before|
|The Euro was bolstered by the ECB while the Australian Dollar rose with a GDP beat and a pickup in sentiment. If Asian shares follow|
|Several yen-crosses are at resistance which could put a dent in the recent rise off the low.|
|Today Twitter priced $1 billion of convertible notes. Usually, a transaction like this takes months to put together. Twitter is doing it in 2 days. There’s a good reason for the rush.|
|Recent price action in AUD/USD raises the risk for a larger recovery as the exchange rate breaks out of narrow range and extends the higher-lows|
Have a nice trading!